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The Claremont Hotel Club and Spa Files For Bankruptcy

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[5 Days in C.A. via Curbed Flickr Pool/David Lam]

The Claremont Hotel Club & Spa in Berkeley filed for bankruptcy on Tuesday. When Morgan Stanley acquired the hotel (along with several others) four years ago, tourism and luxury properties were all the rage, and people from all over the world flocked to get pampered at the hotel's 20,000-square foot spa. Shoot forward to present day, and the hotel can't seem to acquire the same type of traffic and commerce. Perhaps it's because rooms can go for more than $400 a night? According to SF Gate, the "group of lenders put the resort in bankruptcy after failing to reach an agreement on a debt extension with trusts overseeing a securitized mortgage." It plans to operate during bankruptcy.
· Century-old Claremont Hotel files for bankruptcy [SF Gate]